More Sony PS3 Price Rumors

Last week we reported that the new Playstation 3 could be priced at around $465, new reports now claim the console will be priced the same as the PS2 when it was first introduced.

“Today, Japanese Web site Impress PC Watch reported that SCE has told its business partners that the PS3 will be under 40,000 yen ($370) at launch. The news has spurred speculation that the companymight launch the machine with the same price it set for the PlayStation and PlayStation 2. Both machines were priced at 39,800 yen ($368) when they launched in 1994 and 2000, respectively.

Sony’s PS3 will be competing with Microsoft’s Xbox 360 and Nintendo’s Revolution in the next-generation console wars. When it launched in Japan in 2002, Microsoft’s current-generation Xbox was priced at 34,800 yen ($322). The company has been shaving down the console’s cost since then, and it currently sells at 17,640 yen ($163). “

Read more at Gamespot